GreenskyCredit is a thriving financial technology company that is revolutionizing the way people obtain loans for a variety of purposes. According to Wikipedia, the company was co-founded in 2006 by David Zalik in Atlanta, GA.
A New Way to Obtain Funding
Unlike other companies that provide financing for their customers, GreenskyCredit actually doesn’t loan the money. Instead, they partner with federally insured creditors who have a reputation for excellence. Greensky Credit works as the middleman by obtaining the capital and brokering the deal between the financial institution and the customer. For example, a contractor will negotiate with a Greensky Credit representative to help the homeowner get ideal terms on financing for a remodeling project or a new build.
Greensky Credit has enjoyed an incredible amount of success since its humble beginnings. It was piloted by David Zalik himself, from his basement for years. Once the company began to gain traction, it achieved unheard of success to the tune of 3.6 billion in total revenue to date as quoted in a recent article posted to Bloomberg Businessweek. That figure is steadily climbing and projected to continue over the next several years.
One of the key factors of the companies continued success is its commitment to providing funding to lenders with favorable credit scores and history. This ensures that the loans are paid and the company is able to collect their share of the returns they are given for bringing the customer to the bank that is lending the money. The company also has employees who reach out to the customer and contractors to present an opportunity for a loan rather than waiting for the customer to come to the lender.
It stands to reason that Greensky Credit will continue to be one of the top financial technology companies in the market. Its revolutionary concept has brought a new dimension to standard practices and paves the way for other companies to follow its lead.
Sahm Adrangi is a renowned investor around the world. He has done businesses that have turned out to be very successful. He explains the development of two information technology firms and how they have related to each other. These IT firms are Cognizant and Luxoft.
Sahm Adrangi currently works at Kerrisdale Capital, and this has about $150 million that he manages and has held Luxoft (a software firm) business shares since the beginning of 2015. He says that they doubled their position in the third quarter because the decreasing stock created a great opportunity.
Sahm Adrangi liked Luxoft because it was similar to Cognizant, which was at some point Kerrisdale Capital’s second largest holding. Luxoft has been slowly selling off its stake in Cognizant and we are told the reason these two information technology firms have changed positions. Luxoft and Cognizant have got variation in programming and valuation in that Luxoft programming is way better compared to Cognizant.
Sahm Adrangi explains how Cognizant was about fifteen years ago and he says that it was the size of Luxoft. The reason Luxoft has done so well is because of the high demand for software developer work. Luxoft has had its stock rise up to 30 times. Luxoft is unique because it has experienced programmers who not only design websites but also focus on much profitable projects. These programmers have graduated from renowned universities that offer quality education on engineering courses across the world.
Luxoft concentrates on just a few major customers while Cognizant is more diverse and this way Luxoft is not as valued as Cognizant. This is one difference that makes people value Cognizant more than Luxoft however the latter is still at its young stages and with time it may reach out to more people therefore gaining more value. Luxoft has great potential to grow and expand throughout the world in a few years.
Sahm Adrangi is highly experienced in matters business and also economics and therefore this has led to his success in the business sector. He is able to manage Kerrisdale Capital a company that is worth lots of millions.
All hail cryptocurrency, the DVD to traditional banking’s VHS. Projections on the future of virtual trade mediums over traditional paper-weighted currency are made every day. Underneath all the chatter is the understanding that if virtual markets continue to flourish, traditional money will become an outdated commodity. For many individuals it is not a question of how, but of when such an instance will occur. One individual is Malcom CasSelle, and he is banking on his idea of when.
CasSelle is the CIO of OPSkins, a giant in the field of in-game asset sales. CasSelle is also a veteran of the web industry, his first foray occurring back in 95’. Fresh out of college, CasSelle founded a media production website called NetNoir. In the two decades since he has moved around quite a lot, held numerous top executive positions in virtual companies, and been a part of some major innovations. Fate eventually drew him to the gaming world where he has been ever since. An early stage investor in Facebook, Zynga, and bitcoin CasSelle was instrumental in OPSkins becoming a worldwide bitcoin merchant. Now he is turning his focus to blockchain technology with the launch of WAX.
Worldwide Asset eXchange is a player to player platform that facilitates trading within a decentralized market. Businesses far and wide have shied away from decentralized markets for the risks of fraud and fragmentation. Blockchain technology has solved those problems, by using cryptography and data collection to create reliable transaction data. The use of tokenization has led to universal currency acceptance, allowing people from all over the globe to participate without requiring currency exchange. For players operating games within WAX’s network this represents a return of investment. For the rest of the world this could be the start of traditional banking’s conversion to digital. CasSelle certainly things so, which is why as president of WAX he is planning for the future.
OSI Group is an international company dealing with food supply for both retail and wholesale clients. It is a privately owned company with its roots in the United States. The history of this prolific company dates back to the beginning of the 20th Century in Oak Park, Chicago. A German immigrant named Otto Kolschowsky started a small meat market and butchery. He later expanded his retail business and started to supply to the wholesale market.The business grew from the branded origin of an immigrant family business to Otto & Sons. The family business retained that brand until the ending of the Second World War. It was now time to rebuild the world again; restore and expand the economies.In 1955, another booming business, McDonald’s Restaurant, opened their first hotel in Illinois and the man behind it, Ray Kroc who made a deal with the Otto Sons to supply meat for them.
The following twenty years’ are what has led to what we see today, a prolific Group of restaurants across the globe. The main product was the hamburgers which are sandwiches made by ground meat and salad vegetables among other food flavors.The discovery of nitrogen freezers paved the way for more growth of the business. The relationship between Otto & Sons and McDonald’s was so good that the two partners worked together all along developing ideas together. Otto & Sons were late rebranded as OSI Industries in 1975 and by 1980 OSI Group had crossed the borders to European countries in Germany and Spain.
Lavin had taken over the leadership of the OSI Group of companies in the 1980’s after serving as a company’s consultant for a couple of years. He’s the CEO behind the heavy capitalization and the great breakthrough of this company due to his experience in banking and financial management.OSI Group was ranked #58 in Forbes 2016 largest private company in terms of sales value and obviously making it a perfect Fortune 500 private company. The OSI Group has continued to grow to date supplying more delicacies to various restaurants across the Globe. The company has observed it’s processing to ensure they are in line with the environmental requirements.
Peter Briger, co-founder of the New York investment group Fortress, had a conference in the winter of 2013 in his headquarters with several executives from Wells Fargo where he discussed the possibilities of the digital currency BitCoin. In that conference, he brings up a major benefit of BitCoin, which is its “ability to send money instantaneously”, as Wells Fargo’s own payment network services are currently being challenged by the instantaneous results provided by digital currencies like BitCoin.
While Wells Fargo was, in the end, reluctant to open up to digital currency due to its shaky performance overall, and while Fortress had to scale back its plans for BitCoin as a result of Wells Fargo’s indecision, it nonetheless allows Peter Briger to bring Wall Street closer to seizing the opportunities of BitCoin in the near future.
Even the road to this initial conference between Fortress and Wells Fargo wasn’t simple and easy. It was only on January 2013 when Peter Briger began his interest in BitCoin due to a meeting he had with Wences Casares, a successful entrepreneur for startup companies, among other entrepreneurs about the same benefits and possibilities of BitCoin. Convinced of the vast superiority of the efficiency of sending BitCoin via a renegade exchange network, compared to established currencies through traditional financial institutions, Peter Briger went ahead the following summer of 2013 to have professional traders buy BitCoin to set up a fund for Fortress in the near future.
During that period, Briger attempted to have his first meeting with Wells Fargo about BitCoin, only for the institution to deny any partnership with Fortress due to federal agents seizing Wells Fargo bank accounts a few months prior from Mt. Gox, a BitCoin exchange network. But after a Senate hearing about how digital currency can be used for legitimate purposes, Wells Fargo reconsidered the partnership with Fortress, hence the meeting that happened that winter of 2013. While that meeting was inconclusive at best, and while an eventual change on Wells Fargo’s part will likely be slow and arduous, it is a welcome first step in the right direction for Briger to have Wall Street be open to accepting these digital currencies along with the benefits they provide for traders and investors. A Force of Innovation: Two Decades of Fortress Investment Group
Peter Briger is one of Forbes 400’s business professionals and has been made a billionaire during his tenure at Fortress through his expertise in distressed debt and illiquid investments in addition to helping foreign markets raise capital. Prior to Fortress, he worked at Goldman-Sachs where he had a reputation for honing and developing a skill set comprising of foreign investments, distressed debt, real estate and loans and trading, with which he was able to increase Fortress’ assets to around $65 million after leaving Goldman-Sachs. Engaged in philanthropy, he is passionate about alleviation of poverty and providing quality education, among other social causes. As a successful financier and caring philanthropist, he is likely to succeed in bringing Wall Street to BitCoin, despite the challenges he faces. Visit his LinkedIn
Tony Petrello is a top CEO in the United States. He is one of the top business executives in the country who was listed as part of the highest earners in the country. The name of Tony Petrello on this list comes from the fact that he has made a difference in the management of the company which he is currently leading. Nabors Industries is an oil and gas drilling company which engages in off-shore and on-shore drilling works. It has set out a good name in the industry as a leading services provider in the lucrative industry. The fact that Tony Petrello has been ranked as one of the highest earners in the country has been as a result of the success that has been recorded by Nabors Industries.
Tony Petrello has contributed immensely to the growth of the company. Since he joined in 1991, he has held executives positions in the company, and the growth of that has taken place in recent years has everything to do with his input. Before he joined the industry, it looked as if the company was destined for failure but after his entry, it has never been the same company. Since 1991, the company has been improving over the years. In 2011, he was appointed CEO hence even taking a better position to steer the company in the right direction.
Apart from the contribution he has made through the development of Nabors Industries, there is another area where he has also done very well. In contributing to charitable causes, he is taking the number on position. He has supported a number of needy causes in recent years. The most prominent one being the contribution of $5 million to the development of Jan and Dan Duncan Neurological Center in Texas. The facility is being developed at Texas Children’s Hospital and shall be used to research on the cause and treatment of neurological disorders in children. The facility will offer world-class health services and will hopefully alleviate the suffering of so many children who have been suffering from neurological disorders. He has also pledged to add $2 million to this cause.
About Tony Petrello: www.crunchbase.com/person/anthony-petrello#/entity
Men are rarely known for multitasking. However, the few who can pull it off do so in quite a remarkable way. One Mark Holterman is the best example of a man with an immense capability to multitask. Mark is known to hold numerous different job occupations at a time throughout his life. From being a university professor to a pediatric surgeon, medical researcher and a general physician and investor, Dr. Mark Holterman is one with multiple talents and dedication.
Dr. Mark Holterman is a former Illinois University professor and a current professor at the Medical College at Peoria Illinois. He is also a well-known pediatric surgeon working at the Illinois Children’s Hospital OSF and continually lends a helping hand to several other hospitals in the Chicago environs when it comes to children medical cases. Mark is also the head of the Mariam Global Health Organization which focuses on beginner pharmaceutical companies with outstanding potential and funds these companies. In addition to financially giving them a boost in their startup, Miriam Global Health also provides the companies with skilled managerial support (Twitter). With his kind of support, Mark Holterman intends on finding investors for them and helping them increase their growth rate in order to maintain investors and in return prosper and lead to growth in the health sector.
Other than Mariam Global Health, Mark has also been involved in the establishment of several medical research funding agencies over the years. He specifically invested in research that is aimed at discovering new treatment for stem cell-related illnesses. Diabetes is also an area of interest for Dr. Mark Holterman. However, his greatest passion up to date is helping children. He is the head financier and organizer of the International Specialist Alliance for Children in Vietnam.
For all these works, the Wisconsin born doctor has been able to receive awards like the A.D.A’S Innovative Research Award in 2001, the Patient’s Choice award which he won for three consecutive years and the seven-time top rank of America’s Top Doctor by the medical research company, Castle Connolly. Mark Holterman received his medical degree from the University of Virginia and since then has been involved with the healthcare industry for two decades.
EX#1: Visit Dr. Mark Holterman on Twitter
EX:#2 For more information about Dr. Mark Holterman visit http://peoria.medicine.uic.edu/departments/surgery/surgery-faculty/name/mark-holterman/
Switzerland probably conjures a lot of images of country towns nestled in the Alps and of farmers and old-fashioned jobs. But did you know it actually could be becoming the new tech entrepreneur’s destination? For a long time it was where banking was primarily done because of heavy security in Swiss banks, and because the Swiss government had some of the fewest regulations on banking in the world. But that’s changed now and Mike Baur, a former banking professional has experienced the changes which is why he is now investing in the next generation of entrepreneurs. The company he’s started to do that is the Swiss Startup Factory in Zurich.
Managing and protecting clients’ wealth is what Mike Baur knows very well. At only age 16 he came to UBS Bank to start his banking apprenticeship. The human resources director he spoke to at the time went over a chart that covered every promotion Baur could earn at UBS and where he should expect to retire. Baur did become one of the top employees at UBS and a favorite of his superiors. He developed quite a finance and investing acumen making him a lead advisor while still only in his 20s. Baur’s banking career continued to grow over the years, but when the US banking crisis of 2008 reached Switzerland and the doors of UBS, things started changing. Baur left UBS and became head of the credit division of Clariden Leu Bank where he stayed for the next few years until it merged with Credit Suisse. Despite his hope that things would restart for his original plans, banking was now too restricted and was no longer something Baur was passionate about.
Mike Baur started feeling that instead of hoarding away money in safety deposit boxes and vaults, it should be used to invest in new businesses. He saw great potential at Swiss and other European universities to tap into the ideas of business graduates coming out of them, but he needed a network of investors. Baur and his friend Max Meister had several connections who loved the plan for an accelerator including the Goldback Group, and in 2014 the SSUF was formed. The SSUF allows people with business ideas to apply to a 3-month course, and if they pass the vetting, pass the tests of the course and make a successful investment pitch to target investors, they can get the capital funding and office space they need. The SSUF has seen the successful launch of thousands of startups thus far.
Perry Mandera is the owner of Custom Companies, Inc., a logistics company that aims to deliver freight and cargoes on time. The company was established in 1986, and since then, more businesses have been tapping their services because of its positive reputation. Perry Mandera managed to grow his business through the years of innovation and development. The once small logistics company is now earning more than $200 million every year, thanks for the increasing number of customers and clients that trust the Custom Companies, Inc. for their freight and cargo transport needs. For the past 30 years of operation, Perry Mandera teamed up with bright minded programmers to create some software that would assist him in managing his business, and at the same time, provide an excellent service to his clients and customers. The software that has been integrated into his company system is the Cheetah Dispatch, the Warehouse Management System, and the Dock Management System. Each software is given a task that enables Perry Mandera to monitor the business and all of its departments remotely. So far, the integration of technology to the operation of Custom Companies, Inc. is proven to be effective.
With Cheetah Dispatch, the freight and cargo transported through Custom Companies, Inc. can be tracked with the latest GPS technology. The item can be traced down as it goes out of its origin, as it is being transported, and as it reaches its destination (https://www.behance.net/manderaperry). The software gives the senders of the items a peace of mind that their freight and cargoes are in good hands, and it will be delivered to the right address.
Another software being used by Custom Companies, Inc. is the Warehouse Management System, which allows those who have used the services from Perry Mandera’s company to trace down all of the warehouses where the item will be transported (Strikingly). It will enable the customers and clients to track the location of the object, giving them the confidence that it will not be lost.
Finally, the Dock Management System is a software that enables the customers and clients of Custom Companies, Inc. to check each seaport and airport for their items.